5 days ago
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Coimbatore industries should pat the opportunities offered by Artificial Intelligence and electronics sectors, said S. Krishnan, Secretary of the Ministry of Electronics and Information Technology of India (MeitY).
Mr. Krishnan, who inaugurated the renovated gathering of the Indian Chamber of Commerce and Industry, Coimbatore, and presented the GK Sundaram Awards instituted by the Chamber, astatine a relation held successful Coimbatore metropolis connected May 29, 2026 (Friday), said the Union authorities has accrued the outlay for the Electronics Components Manufacturing Scheme to ₹40,000 crore and it was disposable till adjacent July. Tamil Nadu has the highest fig of proposals nether this strategy with 41 units planned astatine ₹61,000 crore investment. Industries successful Coimbatore should besides marque usage of the scheme. There is besides immense scope for superior machinery for the electronics assemblage that is increasing rapidly.
There are 12 projects planned nether the semi conductor ngo and 2 of these were commissioned precocious successful Gujarat. Another 3 are apt to beryllium commissioned this year. Coimbatore should research opportunities successful electronics, AI, semi conductors and assorted segments of the manufacturing vertical successful the integer economy. Coimbatore tin follow AI successful assorted manufacturing processes. “AI is becoming a stack bringing unneurotic each fields. It needs capable powerfulness for the information centres. Then determination are models that travel nether services segment, accumulation of chips, improvement of applications, IT and IT enabled services,” helium pointed out.
The integer system is expected to turn astatine 20 % annually by 2030 and volition marque up one-fifth of the Indian economy. It is increasing astatine the doubly the complaint arsenic the different economies, helium added.
Mahaveers (trade category), Rangammal Steels and Malleables (industry), and NV Nagasubramaniam (service) were the recipients of the GK Sundaram Awards.
A.V. Varadharajan, erstwhile president of the Chamber, explained astir the Award, and Rajesh B. Lund, president of the Chamber, welcomed the gathering.
